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Bahamas $500m loan secures over half external finance need

The Bahamas has secured more than half its foreign currency financing needs for the current fiscal year by obtaining a $500m loan partially guaranteed by the Inter-American Development Bank (IDB).

Dorian 'hangover' cuts outlook for the Summit

A Bahamian insurer yesterday voiced optimism it will soon break free of its "Hurricane Dorian hangover" and escape any potential downgrade by the industry's main creditworthiness assessor.

Crowdfunded real estate business still waiting one year later for Securities Commission approvals

AKERAGE Ltd, a crowdfunding business promising to revolutionize how people invest in real estate, is still awaiting relevant approvals from the Securities Commission of The Bahamas a year after announcing provisional approval from the regulator.

DR KENT BAZARD – The Role of Sports Psychology in Injury Rehabilitation: A Path to Recovery and Resilience

In the world of professional sports, injuries are an unfortunate and often inevitable part of an athlete’s journey. Whether it’s a torn ligament on the basketball court, a strained muscle during a game, or a debilitating stress fracture, these injuries can have profound physical and psychological implications. However, there’s an often-underestimated ally that plays a crucial role in the recovery process – sports psychology.

FTX Bahamas properties must fetch ‘80% of value’

All sales of FTX’s 35 high-end Bahamas properties must fetch a price that is “equal to or greater than 80 percent” of their broker-appraised values, it has been revealed.

200 jobs through Ocean Club’s $400m expansion

The Ocean Club’s upcoming $400m expansion will create 200 full-time jobs once the development is fully completed in 2027, the project’s partners have revealed.

FTX real estate sell-off can’t cover $256m debt

The sell-off of FTX’s high-end properties “will not be sufficient” to fully repay the $256.3m debt owed to the crypto exchange’s Bahamian subsidiary, it has been asserted.

Central Bank expects growth at ‘moderated pace’ in economy

The Central Bank revealed yesterday that the reduction in external reserve balances for November slowed by over $77.8m from 2022, reflective of net foreign currency outflows through the private sector.

Departures up nearly a quarter in November, says Central Bank

The tourism sector recording "healthy growth" with departures up 23.9 percent in November with the economy forecasted to maintain its growth trajectory for the remainder of the year, the Central Bank said yesterday.

FRONT PORCH: ‘Until then it is still night’

THERE is an allegory that serves as a prism for some of the light and meaning of the Incarnation and Christmas: “An old Hasidic rabbi asked his pupils how they could tell when the night had ended and day begun, for daybreak is the time for certain holy prayers. ‘Is it,’ proposed one student, ‘when you can see an animal in the distance and tell whether it is a sheep or a dog?’ ‘No,’ answered the rabbi.

Deficits overwhelm growth six-fold in driving debt hike

Weak economic growth has been overwhelmed by the six-fold greater impact of surging fiscal deficits and failed to keep The Bahamas’ debt ratios in check, a multilateral lender is asserting.

Seasonal rush expected at LPIA

LYNDEN Pindling International Airport officials urge travellers to pack patience for this weekend, which they expect to be the busiest of the year, surpassing the number of travellers last year.

PETER YOUNG: New initiative by Bahamas to combat climate change

TWO years ago at the UN’s Conference of the Parties on climate change, COP26 in Glasgow, Prime Minister Philip Davis delivered a memorably impressive speech. He spoke eloquently and in dramatic language about the potentially catastrophic effects of climate change and global warming on low-lying Small Island Developing States (SIDS) like his own, in particular as a result of rising ocean levels.

Sir Franklyn: ‘Price deflation’s’ consumer confidence boost

A BISX-listed food retailer’s disclosure of “price deflation” in some product categories should inspire improved consumer confidence heading into 2024, a Bahamian businessman argued yesterday.

‘More improvements’ needed on Bahamas First’s Cayman health

Bahamas First says “more improvements” are required before the woes impacting its Cayman health portfolio are fully behind it as it unveiled profits of $2.2m for the quarter to end-September 2023.

Mingoes start slow against Inter-Nassau, pull off 4-0 victory

THE University of The Bahamas men’s soccer team started slow against Inter-Nassau FC – 17 in their Bahamas Football Association match.

PETER YOUNG: UK COVID inquiry - useful or pointless?

THE British government’s public inquiry in to the COVID-19 pandemic is now under way. Local reaction so far has been mixed. Critics are calling it a total waste of time and money that will end up as an “appalling establishment sham”. But others believe it is essential to conduct a comprehensive examination of what happened in order to identify and take account of policy failures.

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